Um, weren’t we being assured that recapitalization by the government — which would probably require temporary nationalization — was unnecessary, because the banks could earn their way back to adequate capital ratios?
Just saying.

Um, what? Is Krugman really that unfamiliar with quarterly earnings reports?
Citi's Tier 1 capital ratio is 12.7%. Citi's Tier 1 common ratio is 9.1%, up from 2.75% last quarter and 4.8% in Q3-2008.
BofA's Tier 1 capital ratio is 12.46%. BofA's Tier 1 common ratio is 7.25%, up from 6.9% last quarter and 4.23% in Q3-2008.
For frame of reference, JPMorgan's Tier 1 capital is 10.2%, and their Tier 1 common ratio is 8.2%.
Just saying.

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comments:

So BofA loses $1B, and the quote is about "earning their way back to adequate capital ratios" and you think Krugman's comment is off the mark ... so how much would they have to lose for you to question their ability to earn their way back ....

the price is Cheap Guild Wars 2 Goldapproximately "earning their own in the past to help sufficient investment capital ratios" and you also feel Krugman's opinion will be off the indicate ... so how a lot would they shouldRS Gold eliminate that you can problem their capability to generate his or her long ago

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I'm a finance lawyer in New York. I used to focus on derivatives and structured finance (you know, back when there was a structured finance market). I spent the majority of my career at one of the major investment banks. My background is in economics and, unfortunately, politics.

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